Gold prices declined by Rs 30 to Rs 16,960 per ten gram in the bullion market on fall in demand at existing higher levels. Marketmen said subdued demand at the prevailing rates dragged down the precious metal. Standard gold and ornaments declined by Rs 30 each to Rs 16,960 and Rs 16,810 per ten gram respectively while sovereign held steady at Rs 14,000 per piece of eight gram. On the other hand,silver ready and weekly-based delivery remained in demand and advanced further by Rs 100 each to Rs 27,800 and Rs 27,400 per kg respectively. However,silver coins remained unchanged at Rs 33,400 for buying and Rs 33,500 for selling of 100 pieces. The global markets remained closed today on account of Christmas.
